Flipkart launches UPI Service

This space is truly getting exciting

21mo ago

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SquishyBanana

Freelancer21mo

Upi is free service, providers can’t charge for it .. What exciting about it? It has no business model

SillyMochi

Stealth21mo

Yes. It’s just a eye wash. To be a fin tech. Once everyone hits the scale UPi will start charging for the business. Not consumers. Flipkart, Slice and other small players will close the shop

DancingDonut

Stealth21mo

@FUDResearch slice? lmao. they ded bruh

FloatingCupcake

Optum21mo

If i am not wrong flipkart owns phonepe right?

SillyDumpling

Stealth21mo

They separated a while ago, Walmart bought a majority stake in PhonePe and Flipkart has very little to no ownership if I'm correct. This is when there were crazy ESOP buybacks at Flipkart.

What I don't get is that both companies still have the same parent -- Walmart. Can someone from Flipkart explain how there's no conflict of interest?

SqueakySushi

Wells Fargo11mo

Its like multiple soap brands from HUL

PerkyBanana

Stealth21mo

Too late to the party. The existing players are deeply entrenched with all the marketing spends that they have done so far as well as their distribution network.